Boeing and Kuwait’s ALAFCO announce commitment for 20 737 MAX 8s

Created: Wednesday, 28 June 2017 05:27

The 737 MAX is the fastest-selling airplane in Boeing history. (Image source: Boeing)Boeing and Kuwait-based ALAFCO Aviation Lease and Finance Company (ALAFCO) have announced a commitment for 20 737 MAX 8s at the 2017 Paris Airshow, valued at US$2.2bn at current list prices

ALAFCO, a global provider of commercial aircraft leasing products, already has unfilled orders for 20 737 MAX airplanes and was also one of the first Middle East customers for the 787 Dreamliner. The new commitment, when finalised, will boost the lessor’s order to 40 737 MAXs.

“As a lessor, we are committed to providing our global customer base with technologically-advanced aircraft,” said Ahmad Alzabin, CEO and vice-chairman, ALAFCO. “Fuel efficiency, operational reliability and efficiency are key factors for our airline customers and the 737 MAX will help us meet those demands in the single-aisle market.”

The 737 MAX family has been designed to offer customers exceptional performance, flexibility and efficiency, with lower per-seat costs and an extended range that will open up new destinations in the single-aisle market.

“ALAFCO’s commitment to purchase 20 more 737 MAXs is an excellent endorsement of the aircraft, which is already the fastest-selling airplane in Boeing history,” added Ihssane Mounir, senior vice-president, global sales and marketing, Boeing Commercial Airplanes.

“We are very pleased with this opportunity to help expand ALAFCO’s single-aisle portfolio with the 737 MAX and look forward to strengthening and growing this partnership even further.”